After reporting better than expected financial results, Seagate’s stock price surged. Analysts on Wall Street have revised their target prices, indicating confidence in the company’s operational improvements. The data storage company’s strong performance has been attributed to increased demand for cloud storage solutions during the pandemic. Seagate’s revenue for the quarter was $2.72 billion, exceeding expectations and marking a 3.5% increase from the previous year. The company’s stock price has risen by nearly 40% over the past year, outperforming the broader market. Wall Street expects Seagate to continue its positive momentum moving forward.

Read more at Barchart: Why Wall Street Thinks This Tech Stock Is a Buy Now